African B2B e-commerce startups are scaling back operations and laying off staff; 28 of them raised $470M+ since 2008, of which 90% came between 2021 and 2022 (Damilare Dosunmu/Rest of World)

Damilare Dosunmu / Rest of World:
African B2B e-commerce startups are scaling back operations and laying off staff; 28 of them raised $470M+ since 2008, of which 90% came between 2021 and 2022  —  Amid the global funding crunch, B2B startups are scaling back operations and laying off employees.  —  • LAGOS, NIGERIA